Ripple Acquires Crypto-Friendly Brokerage for $1.25 Billion After SEC! - Coin Bulletin

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Ripple is making an acquisition agreement to buy the crypto-friendly prime broker company Hidden Road for $1.25 billion

Ripple has taken an important step in the cryptocurrency world and decided to incorporate Hidden Road. This deal will be executed with cash, XRP tokens and company shares. In addition, the deal is seen as an important part of Ripple's future growth strategies. The acquisition is expected to close in the coming months, but the process will be subject to regulatory approvals.

Hidden **Road's founder, Marc Asch, will remain at the helm of the company and will lead Ripple's prime brokerage business unit. This move could consolidate Ripple's power in commerce and financial services. In particular, what role XRP will play here could increase the impact on the crypto market.

Ripple's strategic acquisition may create new opportunities and increase the use of XRP.